Can I retire at age 55 with 504,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$41,620$41,249$40,887$40,534$40,190$39,250
2 years$20,604$20,220$19,848$19,488$19,138$18,197
3 years$13,599$13,214$12,843$12,486$12,142$11,228
4 years$10,098$9,714$9,347$8,995$8,660$7,781
5 years$7,998$7,616$7,253$6,909$6,583$5,741
6 years$6,598$6,219$5,862$5,525$5,209$4,405
7 years$5,598$5,223$4,871$4,543$4,236$3,471
8 years$4,849$4,477$4,131$3,811$3,514$2,787
9 years$4,267$3,898$3,558$3,246$2,960$2,269
10 years$3,801$3,436$3,102$2,798$2,522$1,868
11 years$3,420$3,059$2,731$2,435$2,169$1,551
12 years$3,103$2,745$2,424$2,136$1,879$1,296
13 years$2,835$2,481$2,165$1,886$1,639$1,089
14 years$2,605$2,255$1,946$1,674$1,437$919
15 years$2,407$2,060$1,757$1,493$1,265$779
16 years$2,233$1,890$1,593$1,337$1,118$662
17 years$2,080$1,741$1,449$1,201$991$564
18 years$1,944$1,608$1,323$1,082$881$481
19 years$1,822$1,491$1,211$978$786$412
20 years$1,713$1,385$1,112$886$702$353
21 years$1,614$1,290$1,022$804$628$302
22 years$1,525$1,204$942$731$563$260
23 years$1,443$1,126$870$666$505$223
24 years$1,368$1,055$805$607$454$192
25 years$1,299$990$745$554$409$165
26 years$1,236$931$691$507$368$142
27 years$1,178$876$642$464$332$123
28 years$1,123$826$597$425$299$106
29 years$1,073$779$555$390$270$91
30 years$1,026$735$517$358$244$79
31 years$982$695$482$329$221$68
32 years$941$658$450$302$200$59
33 years$903$623$420$278$181$50
34 years$866$590$392$256$164$44
35 years$832$560$367$235$148$38
36 years$800$532$343$217$134$33
37 years$770$505$321$200$122$28
38 years$742$480$301$184$110$24
39 years$715$456$282$170$100$21
40 years$689$434$264$156$91$18
41 years$665$413$248$144$82$16
42 years$642$394$232$133$75$14
43 years$620$375$218$123$68$12
44 years$599$357$205$114$62$10
45 years$579$341$192$105$56$9
46 years$560$325$181$97$51$8
47 years$542$310$170$89$46$7
48 years$524$296$159$83$42$6
49 years$508$283$150$76$38$5
50 years$492$270$141$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 55 starting with $504,000, adding $4,853 every year, while hoping to spend $32,309 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/22/5 Blend
54$504,000$504,000$504,000$504,000
55$560,414$533,702$525,890$600,739
56$583,200$525,477$509,131$619,727
57$607,227$515,766$490,727$635,958
58$632,587$504,462$470,590$652,808
59$659,383$491,452$448,626$670,326
60$687,723$476,616$424,738$688,570
61$717,728$459,828$398,824$707,600
62$749,528$440,952$370,778$727,487
63$783,269$419,847$340,487$748,308
64$819,105$396,362$307,836$770,146
65$857,209$370,339$272,704$793,099
66$897,768$341,609$234,963$817,271
67$940,987$309,995$194,481$842,780
68$987,092$275,309$151,120$869,756
69$1,036,328$237,351$104,736$898,344
70$1,088,965$195,914$55,176$928,706
71$1,145,300$150,774$2,285$961,020
72$1,205,657$101,698$0$995,485
73$1,270,392$48,439$0$1,035,211
74$1,339,895$0$0$1,077,871
75$1,414,595$0$0$1,125,867
76$1,494,962$0$0$1,190,138
77$1,581,513$0$0$1,259,371
78$1,674,815$0$0$1,334,023
79$1,775,492$0$0$1,414,595
80$1,884,228$0$0$1,501,636
81$2,001,776$0$0$1,595,753
82$2,128,962$0$0$1,697,609
83$2,266,696$0$0$1,807,937
84$2,415,977$0$0$1,927,538
85$2,577,904$0$0$2,057,297
86$2,753,686$0$0$2,198,186
87$2,944,652$0$0$2,351,274
88$3,152,265$0$0$2,517,736
89$3,378,132$0$0$2,698,866
90$3,624,024$0$0$2,896,087
91$3,891,890$0$0$3,110,966
92$4,183,871$0$0$3,345,227
93$4,502,327$0$0$3,600,765
94$4,849,854$0$0$3,879,670
95$5,229,310$0$0$4,184,239
96$5,643,841$0$0$4,517,003
97$6,096,910$0$0$4,880,746
98$6,592,330$0$0$5,278,537
99$7,134,299$0$0$5,713,750
100$7,727,440$0$0$6,190,105